Riverstone Holdings LLC invests up to $500 million in Three Rivers III

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Austin, TX, New York, NY and London, UK (8 April 2015) – Three Rivers Natural Resource Holdings III LLC (“Three Rivers III” or the “Company”), a newly-formed, Austin-based oil and gas company today announced an equity commitment of up to $500 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) and additional amounts from the Company’s management team. The Riverstone commitment comprises up to $333 million from Riverstone Global Energy and Power Fund VI and up to $167 million from Riverstone Energy Limited (“REL”). Three Rivers III represents the third partnership between Riverstone and Three Rivers…Continue Reading >>

Three Rivers Acquires 15,000 Acres from Meritage Energy

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On September 7, 2012 Three Rivers acquired certain assets located in the Permian Basin of West Texas from Meritage Energy Company, LLC (“Meritage”). The acquired properties included approximately 15,000 net acres with production of 1,900 barrels of oil equivalent per day located in Howard, Glasscock, Martin, Dawson and Upton Counties, Texas.  Substantially all of the production from the Meritage assets is derived from Wolfberry wells, principally in Howard County.  We plan to continue to drill vertical Wolfberry wells on this acreage with two or more active drilling rigs.  Additionally, much of the acreage is prospective in the Cline formation, which…Continue Reading >>

Riverstone Holdings LLC Invests in Three Rivers Natural Resource Holdings II LLC to Acquire Assets in the Permian Basin

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Austin, TX, and New York, NY, August 10, 2012 – Riverstone Holdings LLC (“Riverstone”) announced today that it has invested in Three Rivers Natural Resource Holdings II LLC (“Three Rivers II”), a new private upstream oil and gas company based in Austin, Texas. With this support, Three Rivers II executed a definitive agreement to acquire certain assets located in the Permian Basin of West Texas from Meritage Energy Company, LLC (“Meritage”). These properties include 15,000 net acres with current production of approximately 1,900 barrels of oil equivalent per day located in Howard, Glasscock, Martin, Dawson and Upton Counties, Texas. Three…Continue Reading >>

Riverstone Holdings Makes Additional Investment in Three Rivers Natural Resource Holdings LLC to Significantly Expand its Position in the Permian Basins

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The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that an additional investment was made in Three Rivers Natural Resource Holdings LLC (“Three Rivers”), a private upstream oil & gas company based in Austin, Texas. Separately, Three Rivers acquired certain assets located in the Permian Basin of West Texas and Southeast New Mexico from Samson Resources and its affiliates (“Samson”). Combining the most recent acquisition with the transaction announced in April 2010, Three Rivers has an ownership interest in more than 1,400 wells, with daily production of…Continue Reading >>